Group 1 - The Indian government has submitted a notification to the World Trade Organization (WTO) regarding retaliatory tariffs against the U.S. for imposing a 25% tariff on Indian exports of passenger cars, light trucks, and certain auto parts [1] - The U.S. tariffs are estimated to impact approximately $2.895 billion of Indian exports, resulting in an additional cost of about $723.75 million in tariffs for Indian exporters [1] - India argues that the U.S. measures violate WTO rules, specifically the General Agreement on Tariffs and Trade (GATT) and the Safeguards Agreement, constituting discriminatory trade restrictions [1] Group 2 - The U.S. government announced a 26% tariff on all Indian goods, with a 90-day grace period for trade negotiations, which is approaching its deadline on July 9 [2] - If no agreement is reached, the U.S. will impose the 26% tariff on 87% of Indian exports, affecting $4.5 billion in exports [2] - The Indian Minister of Commerce has stated that trade negotiations are not bound by the U.S. deadline, emphasizing that any agreement must align with India's interests [2] Group 3 - The recent notification to the WTO by India is seen as a strategic move to strengthen its position in ongoing trade negotiations with the U.S. [2] - Both countries are striving to reach a phased agreement before the deadline, but key issues remain unresolved, particularly regarding agriculture and dairy products [2] - If negotiations fail, India may formally initiate dispute resolution procedures at the WTO [2]

日本财务大臣加藤胜信：随着我们继续进行贸易谈判，预计美国的立场将会发生变化。 ...

泰国财政部长：准备前往美国进行贸易谈判。 ...

Group 1 - The South Korean government plans to strengthen trade negotiations with the United States, viewing President Trump's proposed 25% tariffs starting August 1 as effectively extending the grace period for reciprocal tariffs [1] - The South Korean presidential office stated that Secretary of State Rubio indicated that the new deadline set by Trump means there is still time for both countries to reach an agreement [1] - South Korea's trade surplus with the U.S. is projected to reach a record high of $55.6 billion in 2024, a 25% increase from 2023, driven by growth in automobile exports [1] Group 2 - As the fourth largest economy in Asia, South Korea has urgently dispatched its chief trade negotiator and the head of the presidential security office to the U.S. to negotiate trade and defense matters, aiming for tariff exemptions [2] - The South Korean presidential office reported that discussions with Rubio in Washington resulted in a consensus on alliance relations and trade negotiations, suggesting that a summit between the leaders of South Korea and the U.S. would enhance cooperation [2] - The South Korean government acknowledged a lack of sufficient time to reach consensus on all issues with the U.S. since the new administration took office [2]

特朗普7日早些时候在自己创立的"真实社交"网站上发布他写给日本首相石破茂和韩国总统李在明的 信，表示新关税将不包括其他行业关税。 在这两封内容几乎完全相同的信中，特朗普写道："请理解，25%这一数字远远低于消除我们与贵国之 间贸易逆差所需的水平。" 特朗普警告称，如果日韩两国以提高关税作为回应，美国也将在25%的基础上再提高同等额度的关税。 特朗普写道："如你所知，如果日本（韩国）或贵国境内的企业决定在美国境内建造或生产产品，我们 将不会征收关税，事实上，我们将尽一切可能快速、专业、常规地予以批准——换句话说，只需几周时 间。" 美国总统特朗普7日表示，将从8月1日起分别对来自日本和韩国的进口产品征收25%的关税。 美国总统特朗普7日表示，将从8月1日起分别对来自日本和韩国的进口产品征收25%的关税。白宫当天 证实，特朗普计划签署行政令，延长"对等关税"90天暂缓期，将实施时间推迟到8月1日。 特朗普：将对日韩征收25%的关税 欧盟委员会发言人奥洛夫·吉尔7日表示，欧盟仍在争取于7月9日前与美国达成一项原则性的双边贸易协 议，目前欧盟与美国仍在继续接触。他还说，欧盟也已准备好应对所有结果的选项，包括反制清单， ...

特朗普：如果我们更喜欢其他国家的（贸易谈判）提议，我会采取行动。 ...

特朗普：8月1日（贸易谈判）截止日期已明确，但对其他想法持开放态度。 ...

Core Viewpoint - South Korea aims to enhance trade negotiations with the United States to achieve mutually beneficial outcomes and eliminate uncertainties caused by tariffs [1] Group 1 - South Korea is focusing on strengthening trade talks with the U.S. [1] - The objective is to create a win-win situation for both countries [1] - The initiative seeks to address and reduce uncertainties related to tariffs [1]

Group 1 - The euro remains stable with a 0.5% decline, holding around 1.1720 against the US dollar [1] - EU officials are considering a potential agreement to implement basic tariff exemptions on major export products, including aircraft and spirits, in upcoming trade negotiations with the US [1] - The EU is working to balance automotive trade by potentially offsetting US car exports with corresponding imports [1]

Core Viewpoint - The article discusses President Trump's announcement of a 25% tariff on all products from Japan and South Korea starting August 1, 2025, citing trade imbalances as a significant threat to the U.S. economy and national security [2][6]. Group 1: Tariff Announcement - President Trump announced a 25% tariff on all Japanese and South Korean products effective August 1, 2025, as part of efforts to address trade imbalances [2][6]. - The tariff will be independent of existing industry-specific tariffs, and attempts to circumvent the tariff through third countries will incur higher tariffs [6][7]. - Companies that choose to manufacture or produce products within the U.S. will be exempt from this tariff [7]. Group 2: Market Reactions - Following the tariff announcement, both the Japanese yen and South Korean won fell against the U.S. dollar, and U.S. stock indices experienced significant declines, with the Dow, Nasdaq, and S&P 500 dropping over 1% at one point [3][14]. - Major automotive stocks, such as Toyota and Nissan, saw substantial declines, with Toyota ADR down over 4% and Nissan ADR down over 7% [3][14]. Group 3: Trade Negotiations - The European Union is actively seeking a bilateral trade agreement with the U.S. before the July 9 deadline, with ongoing negotiations [4][11]. - EU officials have indicated readiness to respond to various outcomes of the negotiations, including potential countermeasures, but are currently prioritizing negotiations [11][18]. - The EU's position is that if the agreement terms are unfavorable, they will not proceed with an agreement [18]. Group 4: Broader Economic Implications - Analysts suggest that the announcement may hinder Trump's previous commitment to achieve 90 trade agreements within 90 days, indicating a setback in trade negotiations [8]. - Historical context shows that trade negotiations typically take a long time, with past U.S. free trade agreements averaging three years to finalize [14]. Group 5: Stock Market Trends - U.S. tech stocks generally fell, with notable declines in companies like Tesla (over 7% drop) and TSMC ADR (over 2% drop), while cryptocurrency stocks saw significant gains [15]. - Conversely, Chinese assets performed well, with the Nasdaq Golden Dragon China Index rising over 1% at one point, indicating a divergence in market reactions [15]. Group 6: European Market Response - European stock markets mostly rose, with the German DAX 30 index up 1.04%, reflecting a more positive sentiment compared to U.S. markets [16]. - The Portuguese Finance Minister expressed optimism about a potential agreement between the EU and the U.S., suggesting that tariff rates could be kept below 10% to facilitate trade [17].